Tropic Biosciences Valuation, Funding & Investors

Elders Ltd is a farm products company with segments including Branch Network, Wholesale Products, Feed and Processing Services, and Corporate Services and Other Costs. The Branch Network generates maximum revenue and supplies rural farm inputs and production and cropping advice to primary producers and corporate farm customers. Elders operates retail services under the Elders and Ag, Horse and Pet brands and a wholesale products business supplying independently owned member stores under the AIRR brand. Feed and Processing Services includes Killara Feedlot with grain-fed beef distribution, grass-fattening operations, cow manure processing, and irrigated feed crop production, while Corporate Services and Other Costs covers general investment and administrative corporate office activities.

AGT Food and Ingredients Inc is a farm products company. The business has three primary segments: Pulse and Grain Processing, Bulk Handling and Distribution, and Food Ingredients and Packaged Foods. The Pulse and Grain Processing segment is engaged in the cleaning, calibration, sizing, shipping, and export of pulse and stable foods. The Bulk Handling and Distribution segment is engaged in the distribution of various goods, including sorghum, coffee, sugar, spices, and seeds. The Food Ingredients and Packaged Foods segment produces starches, proteins, fibers, animal products, and aquaculture products.

Fruitist is a global premium superfruit brand distributing jumbo blueberries, blackberries, raspberries, and cherries through 12,500 stores in 28 countries. Formerly Agrovision's consumer arm, it operates a year-round supply chain from farms in Peru, Morocco, and Chile. Backed by investors like Dalio Family Office, Fruitist focuses on snackable formats with bold flavors for retail channels in North America, Europe, and Asia.

Infarm is a Berlin-headquartered urban farming company deploying modular vertical farms in supermarkets and cities. Founded in 2013, it grows herbs, leafy greens, and strawberries using IoT-controlled hydroponics and machine learning for optimal yields. Infarm partners with chains like Metro and Carrefour, supplying fresh produce in Germany, France, and the United States.

Semios is a Vancouver-headquartered precision agriculture platform for orchard and vineyard growers. It deploys in-field wireless sensor networks, automated pest monitoring traps, and variable-rate biopesticide sprayers. The system delivers real-time data on crop health, irrigation, and pest pressure via a cloud dashboard. Founded in 2010, Semios serves over 1,000 farms across North America and Chile reducing water use by 20 percent and pesticide applications.

The Okomu Oil Palm Co PLC engages in the cultivation of oil palm and rubber in Nigeria. The company has three reportable segments; the Palm Plantation segment, which produces fresh fruit bunches, crude palm oil, and crude palm kernel; the Rubber Plantation segment, which produces latex and rubber cake; and the Palm and rubber Processing segment, which renders palm and rubber processing from the company's mill processing equipment. The company processes fresh fruit bunches into crude palm oil for resale, and rubber lumps to rubber cake for export. The company generates maximum revenue from Palm oil products and Rubber products.

Tres Tentos Agroindustrial SA is an agricultural company that offers vertically oriented and integrated solutions to farmers and a wide range of retail products in the agricultural input, grain, and industrial segments. The company also offers farmers' training, consulting, and technical services. the reporting segments of the Company are; Agricultural inputs include the marketing of fertilizers, plant-protection products, foliar fertilizers, and soybean, corn, and wheat seeds, Grains include operations involving the physical receipt, standardization, and trading of grain acquired from third parties, and Industrial include operations involving the processing of soybean to produce meal and biodiesel.

Zad Holding Co is engaged in the import of wheat, the production of different kinds of flour, manufacturing, and marketing of pasta and bakery products. The company earns income from sales of certain types of grain and related commodities. The company is also engaged in the activities of contracting for building, investing, establishing and managing industrial projects, activities in real estate, selling and renting heavy equipment, manufacturing and supplying ready-mix concrete and asphalt, crushing services, providing transport services, and investment in financial instruments. The segments of the company are Investment & managed services, Trading, manufacturing, distribution & services, Contracting, real estate & others.

goFARM Australia is a Sydney-based agricultural investment advisory firm guiding institutional and high-net-worth clients through farmland acquisitions and management. Services encompass strategy design, due diligence, asset repositioning, financial modeling, and operational oversight for properties spanning 50,000 hectares across New South Wales and Queensland, emphasizing sustainable cropping and livestock operations.

Cresud SACIF y A is a Latin American agricultural firm producing basic commodities with a growing presence in Argentina, Brazil, and other countries through its investment in Brasilagro. It focuses on grains, sugarcane, and cattle farming, acquiring and developing agricultural properties for production or value appreciation, and occasionally selling appreciated land. It also leases land and offers agency and agro-industrial services. Operations are divided into two segments: agricultural business (production, land transformation and sales, corporate services) and urban properties and investments (shopping malls, offices, sales, developments, hotels, and related activities).

GrainCorp is an agribusiness with an integrated business model operating across three divisions. The company operates the largest grain storage and logistics network in eastern Australia. GrainCorp provides grain marketing services to all major grain-producing regions in Australia, as well as to Canadian and UK growers. The company has also diversified into edible oil refining and supply and bulk liquid storage.

AEP Plantations PLC, formerly Anglo-Eastern Plantations PLC is engaged in the production and processing of palm oil and rubber. The company's segments include CPO (Crude Palm Oil), palm kernel and FFB (Fresh Fruit Bunches), Rubber, Shell nut, Biomass products, Biogas products, and others. The majority of the revenue is generated from the CPO, palm kernel, and FFB segment. The company's geographical segments include Indonesia and Malaysia, out of which Indonesia is further classified in North Sumatera, Bengkulu, South Sumatera, Riau, Bangka, and Kalimantan. The majority of the revenue is generated from Indonesia.

Nufarm Limited is a global crop-protection company that develops, manufactures, and sells a range of crop-protection products, including herbicides, insecticides, and fungicides. Nufarm sells its products in most of the world's major agricultural regions, and operates primarily in the off-patent segment of the crop-protection market. Nufarm operates along two business lines: crop protection and seed technologies.

Nxin is a Beijing-based agricultural technology company that operates a rural financial platform connecting farmers with credit and digital services. It provides supply chain financing, crop insurance, and e-commerce for inputs like seeds and fertilizers via its app serving 10 million users in China. Established in 2013, Nxin partners with Agricultural Bank of China and processes ¥50 billion in annual transactions, promoting IoT sensors for precision farming in provinces including Henan and Shandong.

NPK International Inc is a temporary worksite access solutions company that manufactures, sells, and rents recyclable composite matting products, along with a full suite of services, including planning, logistics, and site restoration. The company generates majority of revenue from the rental of recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction and other industries within the United States and United Kingdom.

Greenlabs is a Seoul-based agritech firm offering a digital platform for farm management. Founded in 2017, the service analyzes environmental data to recommend crop varieties and automates IoT devices for optimal growth conditions. Greenlabs connects Korean farmers to sales channels and integrated services maximizing yields in rice, vegetables, and fruits.

National Agriculture Development Co is engaged in agricultural and livestock production, reclamation of agricultural land, food processing, marketing, and distribution of its products. The company operates in three main business segments: Dairy and Foods, Agriculture, and Protein. It generates maximum revenue from the Dairy and Food segment. Its products include dairy, milk, cheese, juices, desserts and other related food. Geographically, it derives the vast majority of its revenue from Saudi Arabia.

Braiin Ltd is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (AI/ML) technologies to deliver actionable insights across the verticals: Agriculture, Property Technology, and Customer Experience as a Service (CXaaS). The company's platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. It prominently focuses on the agriculture technology sector, where it has successfully deployed its AI-powered solutions across multiple implementations. It provides end-to-end solutions to improve farming productivity using IoTs, Wireless Connectivity, Robotics, Software and AI/ML.